Bank of Baroda & Andhra Bank: Mind Maps

Introduction:

  • Bank of Baroda is an Indian state-owned International banking and financial service company. 
  • It is the second largest bank in India, after State Bank of India. 
  • It has a network of 5493 branches and 10441 ATMs as of September 2016 
  • On 19th July 1969 government of India nationalised Bank of Baroda. 

Tagline: India’s International Bank
Headquarter: Vadodara, Gujarat
MD & CEO: P.S. Jayakumar
Founder: Maharaja H.H. Sir Sayajirao Gaekwad III
Founded on: 20th July, 1908

mind map bank of baroda

Joint Venture:

IndiaFirst Life Insurance Company is a joint venture between Andhra Bank and Bank of Baroda.

Domestic Subsidiaries:

  • BOB Cards Ltd. 
  • BOB Capital Markets Ltd. 
  • Nainital Bank Ltd. 

Mergers:

  • Hind Bank Ltd (1958) 
  • New citizen Bank of India Ltd(1961) 
  • Surat Banking Corporation(1963) 
  • Tamil Nadu Central Bank (1964) 
  • Umbergaon People Bank (1964) 
  • Traders Bank Ltd(1988) 
  • Bareilly Corporation Bank Ltd(1998) 
  • Benares State Bank Ltd(2002) 
  • South Gujarat Local Area Bank Ltd(2004) 
  • Memon Cooperative Bank Ltd (2011) 

Sponsored RRBs:

  • Baroda Uttar Pradesh Gramin Bank 
  • Baroda Rajasthan Kshetriya Gramin Bank 
  • Baroda Gujarat Gramin Bank 

Awards Received Recently:

  • Ranked 21st among Best Indian Brands 2016 in Brand Equity 
  • First Prize for Excellency under Rajbhasha Kirti Puraskar Scheme 
  • First Runner up for ‘Best Financial Inclusion Initiative’ during Banking Technology Awards 2016 

Andhra Bank




Introduction:

  • Andhra Bank is a public sector bank in India, with 2803 branches, 4 extension counters, 38 satellite offices and 3636 ATMs as of 31st march, 2016. 
  • It was ranked No.1 in mobilizing the life insurance policies of LIC, among its competitor banks. 
  • In April 1980, Government of India Nationalized Andhra Bank. 

Mascot of Andhra Bank: ‘Dolle the Dolphin’




Tagline: Where India banks
Headquarter: Hyderabad, Telangana.
MD & CEO: Suresh N.Patel
Founder: Bhogaraju Pattabhi Sitaramayya
Founded on: 20th November 1923

Joint Venture:

  • Cigna TTK Health Insurance Company Ltd. 
  • Reliance General Insurance Company Ltd. 
  • United India Insurance Company Limited under Bancassurance. 
  • IndiaFirst Life Insurance Company is a joint venture between Andhra Bank and Bank of Baroda. 

Merger:

Bharat Lakshmi Bank (1964)

Sponsored RRBs:

  • Chaitanya Godavari Grameena Bank 
  • Rushikulya Gramya Bank 

Awards Received Recently:

  • Infosys Maestros Award 2016 
  • Infosys Finacle client innovation awards 2015 
  • First rank in the contribution to Rural Self Employment Training Institutes (RSETI) for the year 2013-14. 

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